Nova Chemicals reports Q4 earns vs. year-ago loss

NEW YORK (MarketWatch) -- Nova Chemicals Corp.
NCX, +0.00%
reported fourth-quarter earnings of $162 million, or $1.78 a share, vs. a loss of $15 million, or 18 cents a share in the same period a year ago. Revenue increased 47 percent to $1.53 billion from last year's $1.04 billion. Analysts surveyed by Thomson First Call had been expecting earnings of 77 cents a share and revenue of $1.46 billion, on average. The chemical company's stock closed Tuesday up $1.07 at $46.90.

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